Common use of The Insured(s) Clause in Contracts

The Insured(s). The Principal-Insured and the Co-Insured (hereinafter referred to as: The Insured(s)) shall be the natural person or legal entity indicated to this effect in the insurance contract. Co-Insured shall be: – the spouse or common law companion of the Principal-Insured, and/or – his/her under-age children (including the foster and adapted children) provided for by the Principal-Insured. The following persons shall not be Insured(s): – persons who are over 70 at the time of submitting a proposal concerning the conclusion of an insurance contract – persons working outside the territory of the Republic of Hungary (here- inafter: abroad) extending over a period of 90 days (hereinafter: perma- nently) and the members of their families staying with them, as well as any other persons residing permanently abroad for any reason – persons who qualify as non-residents under the Foreign Exchanges Act – persons who do not have sufficient coverage as specified by the law for the costs of medical treatment in Hungary or an insurance covering these expenses.

The Insured(s). The Principal-Insured and the Co-Insured (hereinafter referred to as: The Insured(s)) shall be the natural person or legal entity indicated to this effect in the insurance contract. Co-Insured shall be: – the spouse or common law companion of the Principal-Insured, and/or – his/her under-age children (including the foster and adapted childrenxxxx- xxxx) provided for by the Principal-Insured. The following persons shall not be Insured(s): – persons who are over 70 80 at the time of submitting a proposal concerning con- cerning the conclusion of an insurance contract – persons working outside the territory of the Republic of Hungary (here- inafterhereinafter: abroad) extending over a period of 90 days (hereinafterhere- inafter: perma- nentlypermanently) and the members of their families staying with them, as well as any other persons residing permanently abroad for any reason – persons who qualify as non-residents under the Foreign Exchanges Act – persons who do not have sufficient coverage as specified by the law for the costs of medical treatment in Hungary or an insurance covering cover- ing these expenses.